Danaos Corporation Takes Delivery of Its 42nd Containership Vessel
ATHENS, GREECE--(Marketwire - September 29, 2009) - Danaos Corporation (NYSE: DAC) announced
that on September 28, 2009, it took delivery of one more containership, the
CMA CGM MOLIERE, expanding its operational fleet to a total of 42
containerships aggregating 172,433 TEU.
The CMA CGM MOLIERE has a carrying capacity of 6,500 TEU, built at Sungdong
Shipbuilding & Marine Engineering and was delivered on schedule. It is 300
meters long, 40 meters wide and has a speed of 25.60 knots (about 47 Km/h).
The CMA CGM MOLIERE has already commenced its 12-year time charter at fixed
rates immediately upon delivery.
"We are pleased to have taken delivery of our latest containership from
Sungdong Shipbuilding & Marine Engineering," said Dr. Coustas, Chief
Executive Officer of Danaos. "The vessel has already commenced its 12 year
time charter with CMA CGM Line, one of the largest containership liner
companies in the world. The vessel is chartered at an accretive fixed
charter rate which provides Danaos with an effective hedge against market
charter rate volatility. We now own and operate a fleet of 42
containerships which provides Danaos with strong cash flows to further
support our growth."
About Danaos Corporation
Danaos Corporation is an international owner of containerships, chartering
its vessels to many of the world's largest liner companies. Our current
fleet of 42 containerships aggregating 172,433 TEUs ranks Danaos among the
largest containership charter owners in the world based on total TEU
capacity. Danaos is the largest US listed containership company based on
fleet size. Furthermore, the company has a contracted fleet of 27
additional containerships aggregating 211,450 TEU with scheduled deliveries
up to 2012. The company's shares trade on the New York Stock Exchange under
the symbol "DAC."
Visit our website at www.danaos.com
Contact Information: For further information please contact:
Dimitri J. Andritsoyiannis
Chief Financial Officer
Tel.: +30 210 419 6481
Chief Operating Officer
Tel.: +30 210 419 6400
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